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At Ratana field (operated by Orient Petroleum Inc., where POL has 4.545% share), Ratana-5 well (side
        track-2) drilled down to 1,729 meters observed water influx tried to kill the well.During killing operation
        string got stuck and finally the well has been Plugged and Abandoned due to uncontrolled problems.
        Exploration Blocks
        At Ikhlas block (operated by POL with an 80% share), Jhandial 3D seismic data processing up to Pre
        Stack Depth Migration (PSDM) level is in progress. Contract has been awarded to complete the
        remaining project of Langrial 3D seismic.
        At DG Khan block (operated by POL with a 70% share), DGK-1, exploratory well has been spuded on
        October 20, 2021 and drilling is in progress. Remaining leads are under evaluation.
        North Dhurnal block (operated by POL with 60% share) was awarded on October 13, 2021. A technical
        workshop was held to conduct a seismic data review session.
        At Kirthar South block (operated by POL with an 85% share), Sindh Forest and Wildlife Department,
        granted NOC to start the exploration activities in the area. Well staking of Bandhak-1 well and its
        access route survey is in progress.
        At Margala block (operated by MOL where POL has a 30% share), 2D Seismic data acquisition of 203
        line kilometers has been completed, processed and interpreted. A prospect has been finalized to drill a
        well. Land acquisition for the surface drilling site is in progress.
        At Tal block (operated by MOL where POL has pre commerciality share of 25%), based on 3D Seismic
        data interpretation, an exploratory well Razgir has been approved by the joint venture partners. 152.93
        square kilometers Seismic data acquisition over KOT area was completed and data processing work is
        going on.
        Mamikhel  South-01  well  production  line  has  been  completed.  In  order  to  start  production,
        Government's approval is awaited for the 2012 Petroleum Policy Gas Price.
        At Hisal block (operated by PPL where POL has 25% share), planning to acquire 3D Seismic data
        acquisition is in progress.
        At Gurgalot block (operated by OGDCL where POL has a 20% share), 320 square kilometers 3D
        seismic data acquisition has been completed and data processing is in progress.
        At Taung block (operated by Mari Petroleum where POL has 40% share), 340.94 square kilometers 3D
        Seismic acquisition has been completed and seismic data processing is in progress.
        At Nareli block (operated by Mari Petroleum where POL has 32% share), geological and geophysical
        work is in progress.
        Acknowledgement
        The Board would like to extend its gratitude to all its stakeholders for their continuous support, which
        they have extended to Pakistan Oilfields Limited.


        On behalf of the Board





        Shuaib A. Malik                                                     Abdus Sattar
        Chairman & Chief Executive                                          Director

        Rawalpindi
        February 4, 2022



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